The Average Big American Company Hasn't Paid The Statutory Tax Rate In At Least 40 Yearshttp://www.businessinsider.com/us-corporate-income-tax-rate-statutory-vs-median-2014-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 26 Sep 2017 17:19:59 -0400Sam Rohttp://www.businessinsider.com/c/532883096bb3f71f2d4c1623FalconTue, 18 Mar 2014 13:31:53 -0400http://www.businessinsider.com/c/532883096bb3f71f2d4c1623
This so-called "analysis" is awful. First of all, the tax rate reported in SEC filings is not the same as what is actually paid to the IRS, but it is information that is easy to access. Second, the widening gap between the statutory rate and the effective rate is reflective of the increasing proportion of business done overseas, where the tax rates are lower. This kind of proves the point that U.S. corporate tax rates are higher. Further proving my point, use the aforementioned SEC filings for public companies with nearly 100% U.S. geographical exposure...Hershey (HSY), United Rentals (URI), and Polaris (PII) come to mind. Hershey paid a 34.5% tax rate in 2013, URI 36.0%, and PII 33.6%. These are just a few examples, but I am not going to spoon-feed you BI people everything. Finally, I am not saying there aren't companies that play games with the tax code, but that is a very strong argument for blowing it up and streamlining it. Unfortunately that doesn't happen because then politicians from BOTH parties wouldn't be able to use the tax code to reward their cronies.http://www.businessinsider.com/c/532881e769bedd4b6f1118bdmikej77Tue, 18 Mar 2014 13:27:03 -0400http://www.businessinsider.com/c/532881e769bedd4b6f1118bd
Sure it does. Now they have a relationship they have a positive need and reason to protect. All of the offshore funds can be repatriated. Further investment in the US can be considered. We have a strong legal system compared to systems in Russia and China to mention two other locations.
Politically, their money is as safe as it can be inside the US system. Decent chance WW3 will break out in Europe soon due to excesses by psychotic dictator putin and in any case their monetary and governance systems are in chaos there- 10s of millions of putin refugees may join the flood entering W. Europe. Putin has handed every Tatar and Ukrainian a refugee claim.
Besides, risk and opportunity occur simultaneously and if the zero corporate tax rate does not work over the coming decade we can reverse it.
Defeatism will never provide a path forward. Remember that the USA will still be a going concern after you are gone so this inevitable outcome does not prefigure the end of America by any means.
The World as it was prior to 2000 will not return- machines will do most work everywhere even in China and as this technical future rolls out corporate location and security will become a rising priority.http://www.businessinsider.com/c/53287f046bb3f7041b4c1623badbobTue, 18 Mar 2014 13:14:44 -0400http://www.businessinsider.com/c/53287f046bb3f7041b4c1623
And why would this matter? You mean like they "relocate" to the Cayman Islands? A PO Box? Just because they would relocate in america doesn't mean a damn thing.http://www.businessinsider.com/c/53287d1769bedd3d551118bfmikej77Tue, 18 Mar 2014 13:06:31 -0400http://www.businessinsider.com/c/53287d1769bedd3d551118bf
Corporate tax rate should be zero. All corporations would locate to the USA.http://www.businessinsider.com/c/532871b7eab8ea30224b5f3bTmacTue, 18 Mar 2014 12:17:59 -0400http://www.businessinsider.com/c/532871b7eab8ea30224b5f3b
Dude, if large companies paid their fair share of taxes, how would they be able to create all those sweet kick @ss jobs they have been creating since 2008?